After opening on a firm note, the Indian stock
market retreated and slipped into negative territory this morning, with
investors pressing sales at some front line counters, choosing to wait for the
outcome of the U.S. Federal Reserve's two-day meeting.
Realty, FMCG, metal and capital goods stocks
opened on a strong note, but have come off their highs now. Consumer durables
stocks are trading firm. Healthcare and automobile stocks are trading mixed,
while bank, oil and information technology stocks are mostly flat.
The BSE benchmark Sensex is down 3.06 points or 0.02% at 19,800.97. Earlier,
after rising to 19,900.68, the barometer had declined to around 19,775. The Nifty index of the National
Stock Exchange, which declined to 5840.30 after advancing to 5877.90, is
currently down 8.25 points or 0.14% at 5841.95.
The rupee opened marginally higher against the U.S. dollar this morning.
However, it gave up gains subsequently and is currently trading at 63.18
against the greenback, down from Tuesday's close of 63.37.
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